Archive for the ‘Blogs’ Category
Squawk Morning Briefing: Bulls Try to Take Control
The bulls are clearly trying to take back control of the U. S. equity markets. We have tried to allow for the move down from February 18th highs to be interpreted as a correction as well as a turn downward and continued bullish activity requires us to give additional weight to the scenario. Nevertheless, that […]
Squawk Morning Briefing: Overnight Action Calls for Caution
The Euro has retraced all of its sharp decline and put in a new high, calling into question what the short-term count might be. Even though the similar decline in equities hasn’t been erased, we remain cautious. At the moment, the count in the DJIA favors a continued decline and we will stick with that […]
Managing Put Ratio Backspreads
I received many positive comments on the video from two weeks ago on Using Put Ratio Backspreads at Possible Market Tops. So I am following up with another video on how to manage those spreads once they’ve been put on. It covers situations when prices move in the direction that was anticipated and when they […]
Using Put Ratio Backspreads at Possible Market Tops
After last weeks post about important resistance I received many questions about how I am trading this. I do not like to make pure directional plays before a move is confirmed and the possible tops in many markets are not confirmed even though FibGrid shows them to be occurring at key resistance levels. One of […]
At Critical FibGrid Levels Now – What Traders Need to Know
Many markets are at critical levels right now with turns possible either at current levels or slightly higher. While we’re near these levels we wanted to send out an email to do a few things:
Let all our memebers know about the importance of nearby levels, whether or not you are actually using FibGrid;
Make sure that […]
Squawk Morning Briefing: We’re Bad. We’re Bad. We Know It.
With apologies to Michael Jackson we note that markets on Friday seemed to embrace his notion that bad was good. Wave counting measures the impact of social mood on markets. These two concepts are intertwined and they can reinforce each other until one reverses. When overall mood remains good we can see situations like those […]
Squawk Evening Update: January Redux?
In our Monday morning briefing we mentioned the tendency for big moves following options expiration to wait until Tuesday to materialize. So far, the action around expiration seems to have some similarity to what we observed in January. We’re not saying that the subsequent decline will be identical. However, that would be consistent with the […]
Squawk Morning Briefing: Digging Into Small Timeframes
Markets remain extended and are ripe for corrections if not turns. On longer timeframes we can see a suggestion that we should turn from regions that are nearby, but in very broad terms. In medium timeframes the count is very unclear. So we turn to the very short timeframes to look for the start of […]
StockGrid 1.0 Released
I can’t count the number of times someone has said to me, “FibGrid has revolutionized my futures trading, can you get it to work on individual stocks?” So I have spent the past several months working on ideas that would provide a similar tool for securities that don’t fit within the […]
Squawk Morning Briefing: Decision Forthcoming
Overnight the Japanese government confirmed that they had been intervening in foreign exchange markets to weaken the Yen which had recently strengthened against the U.S. Dollar. While the Euro has the highest weighting in the U.S. Dollar Index, the Yen is in the mix, and however you weight it, the Japanese government […]